Under Armour Inc. (NYSE: UA) reported its first-quarter financial results before the markets opened on Thursday. As a result of these positive earnings, a few analysts weighed in on the company afterward.

The company said it had $0.04 in earnings per share (EPS) on $1.05 billion in revenue. That compared to consensus estimates from Thomson Reuters of $0.02 in EPS on revenue of $1.02 billion.

Net revenues increased 30% in this quarter, compared with net revenues of $805 million in the prior year’s period. On a currency neutral basis, net revenues increased 32% from last year.

The strong results posted this quarter truly are reflective of what management sees as balanced growth of its brand across product categories, channels and geographies. These results also showcase its heightened focus on providing better service across distribution channels.

In footwear, Under Armour saw remarkable success with the Stephen Curry signature basketball line, as well as the launches of its first smart running shoe and the new line of Jordan Spieth golf shoes.

The apparel segment had net revenues increase 20% to $667 million, compared with $555 million in the same period of the prior year, led by growth in training and golf. Footwear net revenues increased 64% to $264 million from $161 million in the prior year’s period, primarily reflecting the ongoing success of the Curry signature basketball line and expanded running offerings. Accessories net revenues increased 26% to $80 million from $63 million in the prior year’s period, driven primarily by growth in headwear and bags.

In terms of guidance, the company expects revenues to be $5.0 billion for the full year, representing growth of 26% from last year. Also the company expects operating income in the range of $503 million to $507 million, representing growth of 23% to 24% over 2015. Consensus estimates call for $0.65 in EPS on $4.96 billion in revenue for the full year.

A few analysts weighed in on Under Armour after the earnings report:

• FBR reiterated a Buy rating with a $59 price target.
• Cowen has an Outperform rating with a $51 price target.
• Brean Capital has a Buy rating and raised its price target to $50 from $44.
• Telsey Advisory has an Outperform rating and raised its price target to $53 from $50.

Shares of Under Armour closed Friday at $46.99, with a consensus analyst price target of $54.00 and a 52-week trading range of $31.62 to $52.95.

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